the $1 trillion gap in retiree benefits in this country, according to the pew center on the states. and since state and local governments will be footing the bill for the shortfall, it works out to more than $8800 for every american household. now cities like memphis, toledo and los angeles trying to pinch pennies leaning on the unions. have unions priced themselves out of a job in ask mark mix, president of the national right to work committee and charles payne ceo of wall street strategies and my colleague, contributor on the fox business network. charles, to you first. what is the problem? what is happening? what have governments just recognized about unions and their benefits and their pensions? they made promises they can t keep and if they keep them, all heck is going to break loose, because seriously, what we re talking about, judge, 90% of the you have all the people working for the government. they have the pensions.
the $1 trillion gap in retiree benefits in this country, according to the pew center on the states. and since state and local governments will be footing the bill for the shortfall, it works out to more than $8800 for every american household. now cities like memphis, toledo and los angeles trying to pinch pennies leaning on the unions. have unions priced themselves out of a job in ask mark mix, president of the national right to work committee and charles payne ceo of wall street strategies and my colleague, contributor on the fox business network. charles, to you first. what is the problem? what is happening? what have governments just recognized about unions and their benefits and their pensions? they made promises they can t keep and if they keep them, all heck is going to break loose, because seriously, what we re talking about, judge, 90% of the you have all the people working for the government.
from june i should say. michigan which rose 4%. nevada which also climbed 4%. what does all of this mean for president obama s re-election chances? let s turn now to charles payne, ceo of wall street strategies. also a fox business news contributor. before we get to that, is it true, charles, so many people have actually given up looking for a job, that they re not really, these statistics don t really reflect true unemployment? you re absolutely right, gregg. you go back to the amount of people that were in the jobs market, people actually looking for a job, actively involved in the whole process our national unemployment rate would be well over 10%. having said that, we re starting to creep up, now 8.3% from 8.2%. that irony of it all. perhaps as the head lines start to read a little better some people might get off the sofa to re-engage in the process. when they can t find a job
would need a bottle to cloim him. the ceo of wall street strategies. and it is that stupid talking paper, good to see you pinch. the term ticker tape used in brokerages. the material used in ticker tape parades like the one we had today is nothing more than unprinted and shredded newspapers. that s right, giants fans were throwing around shards of my brethren flesh in this celebration, you monsters. it is enough to become a patriots fan. you know what bothers me? that s what i was going to talk about in the parade segment was ticker tape and where it came from. well, if you had asked me i could have told you. i know everything. i will have to think of something else. is we the people obsolete? according to a new study the constitution is losing its appeal around a around the
party and a motown party can t be rescheduled. and as lovable scam p charlie sheen be called a lovable jerk? thank you, andy. your het leer hair do is your hitler hair do is making me feel ill. your face is an omelette of despair. let s welcome our guests. she excites me. i am here with patty m brown. she is so cute that snow angels make outlines of her on the ground when it is snowing. charles pain is back. fox business network and ceo of wall street strategies. he knows picking stocks like i know being in them. and he is a lot like bill shultz, but he is not homeless or infested with six kinds of hepatitis. filling in for my repulsive sidekick is john devore. and next to me, thaddeus mccodder. he released a book called seize freedom hope that is